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Trade between Italy and Norway

In 2024, Italy exported $3 billion to Norway and imported $4 billion. Italy ran a deficit of $1.1 billion with Norway, compared with a surplus of $696 million in 2019. Norway was Italy’s 37th largest trading partner (0.6% of its trade), and Italy was Norway’s 12th (3%).

Summary

Italy → Norway
$3billion
Norway → Italy
$4billion
Italy’s balance
-$1.1billion

Balance

Italy’s trade balance with Norway

Trade between Italy and Norway grew 3.2-fold since 1995

USD billions (current). Italy’s exports and imports; bars: its balance (green surplus, red deficit).

  • Exports 3
  • Imports 4
  • Balance -1.1

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$1.2 billion$1 billion$154 million
1996$1.5 billion$1 billion$430 million
1997$1.7 billion$969 million$683 million
1998$1.6 billion$806 million$819 million
1999$1.3 billion$802 million$519 million
2000$1.1 billion$870 million$237 million
2001$1.1 billion$1.2 billion-$16 million
2002$1.3 billion$2 billion-$697 million
2003$1.6 billion$2.4 billion-$864 million
2004$1.7 billion$2.3 billion-$620 million
2005$1.8 billion$2.6 billion-$762 million
2006$2.1 billion$3.7 billion-$1.6 billion
2007$2.6 billion$3.7 billion-$1.1 billion
2008$2.9 billion$5 billion-$2.1 billion
2009$2.1 billion$3.2 billion-$1.1 billion
2010$2.1 billion$2.3 billion-$219 million
2011$2.3 billion$3 billion-$683 million
2012$2.4 billion$2.4 billion-$8 million
2013$2.6 billion$2.2 billion$368 million
2014$2.6 billion$1.9 billion$699 million
2015$2.2 billion$1.1 billion$1.1 billion
2016$2.1 billion$1.1 billion$936 million
2017$2.6 billion$1.5 billion$1.1 billion
2018$2.7 billion$1.9 billion$770 million
2019$2.6 billion$1.9 billion$696 million
2020$2.4 billion$1.9 billion$419 million
2021$2.9 billion$2.2 billion$661 million
2022$2.7 billion$7 billion-$4.3 billion
2023$2.9 billion$5.3 billion-$2.4 billion
2024$3 billion$4 billion-$1.1 billion

What they sell each other

What Italy sells to Norway

The top 10 headings in 2024, with their share of the total.

  1. Valves and taps$229 million · 7.7%
    4 thousand tonnes
  2. Wine$122 million · 4.1%
    23 thousand tonnes · Italy’s destinations
  3. 701 tonnes · Italy’s destinations
  4. Seamless steel pipes$79 million · 2.7%
    23 thousand tonnes
  5. 4 thousand tonnes
  6. Iron or steel pipe fittings$71 million · 2.4%
    3 thousand tonnes
  7. 4 thousand tonnes · Italy’s destinations
  8. Other industrial machines$58 million · 2%
    3 thousand tonnes
  9. Welded steel pipes$57 million · 1.9%
    14 thousand tonnes
  10. Cars$52 million · 1.8%
    2 thousand tonnes · Italy’s destinations

What Norway sells to Italy

The top 10 headings in 2024, with their share of the total.

  1. Natural gas and LPG$1.9 billion · 47.2%
    3.5 million tonnes
  2. Crude petroleum$860 million · 21.3%
    1.5 million tonnes · Norway’s destinations
  3. Fresh fish$568 million · 14%
    63 thousand tonnes
  4. Unwrought aluminum$156 million · 3.9%
    57 thousand tonnes · Norway’s destinations
  5. Seamless steel pipes$82 million · 2%
    26 thousand tonnes
  6. Aluminum sheet$47 million · 1.2%
    11 thousand tonnes
  7. Open-chain hydrocarbons$35 million · 0.87%
    34 thousand tonnes
  8. Other industrial machines$19 million · 0.47%
    664 tonnes
  9. Other iron or steel articles$18 million · 0.44%
    297 tonnes
  10. 80 tonnes · Italy’s sources

How it travels

Estimated sea route from Genoa to Oslo.

The estimated sea route between Genoa and Oslo is 2,814 nautical miles (5,211 km) long: ≈ 6.5–8.5 days at sea (at 18 and 14 knots).

Passages it crosses: Strait of Gibraltar and Strait of Dover.

Sailing estimate without port calls, waiting or transshipment; not a schedule. One main reference port per country: in large countries it does not represent all of its ports.

Split by transport mode

  1. Sea$5.9 billion · 84.8%
  2. Air$1.1 billion · 15.2%

Mode estimated from value per kilo and geography; both directions together.

How much each matters to the other

Norway was Italy’s 37th largest trading partner (0.6% of its trade), and Italy was Norway’s 12th (3%).

Norway in Italy’s trade
0.6%
Norway’s rank among Italy’s partners
37th
Italy in Norway’s trade
2.6%
Italy’s rank among Norway’s partners
12th

Compare with

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.